Interactive Brokers Australia Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (AFSL: 453554), is a participant of ASX, ASX 24 and Chi-X and is a member of the Australian Financial Complaints Authority (member number 38492).

Canada

Interactive Brokers Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives.

United Kingdom

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

Your account is cleared and carried by Interactive Brokers LLC and for certain limited products by Interactive Brokers (U.K.) Limited. Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme. Interactive Brokers (U.K.) Limited is authorised and regulated by the FCA and regulated products are covered by the UK FSCS.

Certain financial products are not suitable for all investors. Customers should read the relevant risk warnings before investing. Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers LLC Disclosures

Hedge Funds are highly speculative and investors may lose their entire investment.

Supporting documentation for any claims and statistical information will be provided upon request.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

Past performance is not necessarily indicative of future results.

Interest Paid on Idle Cash Balance

IBHK & IBAU (collective "IBKR") is not a bank. Any funds that you place with IBKR are for the purpose of dealing or investing in securities, derivatives, forex and other kinds of financial products, in accordance with IBKR's customer
agreements and terms of business. If we agree to pay interest on funds that you place in your brokerage account with us, this is incidental to our brokerage business and a benefit to you, and does not constitute a representation that we
are carrying on a banking business. Please note that account maintenance fees apply where your trading activities do not generate the minimum monthly commission. For further details, please see our website under pricing > account minimums.

Commission or Margin Rate Survey:

Rates were obtained on April 9, 2020 from each firm's website, and are subject to change without notice. Services vary by firm.

Lowest Cost:

Rated Best Broker for Low-Cost Investing by Nerdwallet, 2020's Investing Winners. "Read the full review".

Ranked #1 for Low Commission and Fees by Investors Business Daily, Best Online Stock Brokers 2019 Lists: Choose The Best Oline Broker For You, January 28, 2019.

Best Price Execution - IB's SmartRouting Advantage

IB SmartRoutingSM searches for the best firm stock, option, and combination prices available at the time of your order, and seeks to immediately execute your order electronically. For complete information see:
ibkr.com/compare

Average Net Benefit Per Cleared Commissionable Order:

IHS Markit reported that IBKR clients received $0.43 per 100 share net price improvement versus the industry as a whole during the second half of 2019. The average monthly stock order size during that period was 1,557 shares and the average commission per cleared commissionable order was $2.28. The average net benefit was calculated as follows: (1,557 shares)($0.0043 net price improvement per share) - $2.28 average commission = $4.42. Access to IB SmartRoutingSM for US listed securities is generally available only to IBKR Pro accounts. For additional information, see ibkr.com/compare

Rated a Top Online Broker for the Tenth Consecutive Year!:

Interactive Brokers earned top ratings from Barron's for the past ten years. A 5.0 star rating, February 21, 2021. A 4.5 star rating March 26, 2018, March 20, 2017, March 23, 2016, March 21, 2015, March 17, 2014, March 11, 2013, March 14, 2012 and March 14, 2011 Barron's Best Online Brokers. Criteria included Trading Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Supporting documentation for claims and statistical information will be provided upon request. Barron's is a registered trademark of Dow Jones & Company, Inc. For additional information, see ibkr.com/awards.

Lower Your Costs to Maximize Your Return:

Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

Best for International Traders

According to Barron's "Best Online Brokers of 2020" - February 21, 2020, Interactive Brokers was awarded the highest 5 star rating for Best for International Traders, and Best for Active Traders.

IB offers access to
135 markets,
33 countries and
23 currencies.

IB Groups S&P Ratings or Claims Regarding IB:

This advertisement is not an offer to sell or a solicitation of an offer to buy any security. Interactive Brokers does not provide investment advice.

IB Pays Higher Interest Rates on Balances in Your Brokerage Account:

Rates

Interactive Brokers

1.06%

E-Trade

0.01 - 0.25%

Fidelity

NA

Schwab

0.06 - 0.30%

TD Ameritrade

0.01%

Rates were obtained on December 2, 2019 from each firm's website and are subject to change without notice.
Each firm's information reflects reflects interest on balances in customer brokerage accounts. Competitor offers subject to change without notice.

FUTURES:

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at Interactivebrokers.com

MARGIN:

Margin borrowing is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. For additional information regarding margin loan rates, see ibkr.com/interest

OPTIONS:

Options involve risk and are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy, call 312 542-6901
Multiple leg strategies, including spreads, will incur multiple commission charges.

SECURITY FUTURES:

Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, please read the Security Futures Risk Disclosure Statement. For a copy visit Interactivebrokers.com

OPTIONS AND FUTURES:

Options and Futures: Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the "Characteristics and Risks of Standardized Options". Before trading futures, please read the CFTC Risk Disclosure. Copies of these disclosures are available at Interactivebrokers.com

FOREIGN EXCHANGE

There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.

All interest and borrowing activity is through Interactive Brokers LLC. Please see your customer agreement with Interactive Brokers LLC for further details.

Card program marketed and administered by Interactive Brokers LLC, the Program Manager of the Interactive Brokers Debit Mastercard.

Credit Interest Rate -
0.0% APR

Credit interest rate as of 6/1/2020. USD credit interest is paid at the stated rate on balances over USD 10,000 in securities accounts with NAV exceeding USD 100,000. Accounts with less than 100,000 NAV will receive USD credit interest at rates proportional to the size of the account. The rate paid in smaller accounts is proportionally reduced, so that if the total value of the account is $60,000, the interest rate paid is reduced by 40%. For more information, see ibkr.com/interest.

Margin Rate
0.75% to
1.55% APR

Annual Percentage Rate (APR) on USD margin loan balances for IBKR Pro as of 6/1/2020. Interactive Brokers calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For additional information on margin loan rates, see ibkr.com/interest.

CME Micro E-mini Futures Pricing Comparison

Supporting documentation for any claims and statistical information will be provided upon request. Rates were obtained on May 13, 2019 from each firm's website and/or verified via phone conversation with representatives from TDAmeritrade and Schwab, and are subject to change without notice. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Services vary by firm. Interactive Brokers; 0.32 – 0.47 per contract – all in – E*trade; $1.50 per side, per contract, plus exchange fees – TDAmeritride; $2.25 fee per contract (plus exchange & regulatory fees) – Schwab; currently does not offer product; Fidelity: Does not offer futures products.

Interactive Brokers ®, IBSM, InteractiveBrokers.com ®, Interactive Analytics ®, IB Options AnalyticsSM, IB SmartRoutingSM, PortfolioAnalyst ®, IB Trader WorkstationSM and One World, One AccountSM are service marks and/or trademarks of Interactive Brokers LLC. Supporting documentation for any claims and statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.

Options involve risk and are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy call Interactive Brokers' Client Services on 312-542-6901. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page - http://www.interactivebrokers.com/disclosures. Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. For additional information regarding margin loan rates, see http://www.interactivebrokers.com/interest. Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, read the Security Futures Risk Disclosure Statement. For a copy visit http://www.interactivebrokers.com/disclosures. Structured products and fixed income products such as bonds are complex products that are more risky and are not suitable for all investors. Before trading, please read the Risk warning and Disclosure Statement at http://www.interactivebrokers.com/disclosures.

Is a member NYSE - FINRA - SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission.Headquarters: One Pickwick Plaza, Greenwich, CT 06830 USAWebsite:www.interactivebrokers.com

Is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE.Registered Office: Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR.Website:www.interactivebrokers.com.hk

Is regulated by Kanto Local Finance Bureau (Registration No.187) and is a member of Japan Securities Dealers Association and The Financial Futures Association of Japan.Registered Office: Kasumigaseki Building 25F, 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, 100-6025 Japan.Phone: +81 (0)3-4588-9700 (On business days from 8:30-17:30 JST).Website:www.interactivebrokers.co.jp